Pension Contributions

Under the Pensions Act 2008, the minimum amounts that should be paid into automatic enrolment pension schemes will increase as planned –

Date EffectiveEmployer Minimum ContributionStaff ContributionTotal Minimum Contribution
6th April 2018 to 5th April 20192%3%5%
6th April 2019 onwards3%5%8%

National Minimum and National Living Wage rates will increase on 1 April 2018

Year 25 and over  21 to 24    18 to 20  Under 18  Apprentice
April 2017 (current)£7.50£7.05£5.60£4.05£3.50
April 2018£7.83£7.38£5.90£4.20£3.70